Daimler plans to invest 5 billion yuan ($755 million) in China, with its Chinese joint-venture partner, for capability to produce electric cars and the batteries that power them – part of attempt to help its China operations adhere to the nation’s green automobile production and sales quotas. Hubertus Troska, head of Daimler’s greater China operations,

The existing Mercedes manufacturing units are to be used for production of new electric vehicles of German automaker Daimler. The group informed their plan of combining it with successive production of vehicles with combustion engines. The chief of cars production at Mercedes-Benz Markus Schaefer on Wednesday announced they were regulating the necessary investment and benefiting

Daimler’s Mercedes-Benz and Smart will launch over 10 electric automobiles by 2025, and zero-emission automobiles will comprise between 15 percent and 25 percent of total Mercedes sales by then, President Dieter Zetsche stated. Talking to journalists at the Paris Motor Show on Thursday, Zetsche stated the automaker was preparing a significant push in pure electrical